Bollard Group LLC Has $25.23 Million Position in Boeing Company (The) (BA)

Bollard Group LLC raised its position in shares of Boeing Company (The) (NYSE:BA) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 127,573 shares of the aircraft producer’s stock after buying an additional 1,299 shares during the period. Boeing Company (The) makes up approximately 1.4% of Bollard Group LLC’s holdings, making the stock its 7th largest position. Bollard Group LLC’s holdings in Boeing Company (The) were worth $25,228,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp raised its stake in Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after buying an additional 87,850 shares in the last quarter. LSV Asset Management raised its stake in Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock valued at $527,936,000 after buying an additional 138,170 shares in the last quarter. Bank of Montreal Can raised its stake in Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock valued at $524,974,000 after buying an additional 694,658 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after buying an additional 308,976 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares in the last quarter. 74.47% of the stock is currently owned by institutional investors.

Shares of Boeing Company (NYSE:BA) traded down 1.20% on Wednesday, reaching $235.22. The company had a trading volume of 2,812,548 shares. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The firm has a market cap of $139.03 billion, a P/E ratio of 20.61 and a beta of 1.16. The company has a 50-day moving average price of $211.74 and a 200-day moving average price of $186.31.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.44) earnings per share. On average, analysts expect that Boeing Company will post $9.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.37%. Boeing Company (The)’s payout ratio is currently 49.74%.

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Several equities research analysts recently issued reports on BA shares. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $183.96 price target on the stock in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $134.00 price target on shares of Boeing Company (The) in a research report on Thursday, April 27th. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research report on Tuesday, July 11th. Barclays PLC upped their price target on Boeing Company (The) from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, May 22nd. Finally, Canaccord Genuity upped their price target on Boeing Company (The) from $162.00 to $170.00 and gave the company a “hold” rating in a research report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. Boeing Company (The) presently has a consensus rating of “Hold” and an average target price of $228.31.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the sale, the chairman now owns 127,778 shares in the company, valued at $31,108,831.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,334 shares of company stock valued at $20,321,493. 0.28% of the stock is currently owned by corporate insiders.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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